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April 14, 2023
While yesterday ended at 1.1049, today, EUR/USD rallied above 1.1078 for the first time in 1 year and gained 19 pips — now trading at 1.1068.
United States Retail Sales is next today at 12:30 UTC.
At the same time, Germany Consumer Price Index came out at 0.8%, while a consensus of analysts was expecting 0.8%. Spain Consumer Price Index released today at 07:00 UTC with a figure of 3.3%, while the previous figure was 6%. Fresh HICP (YoY) (Mar) data from Spain came out at 3.1.
Other currencies are also rising as having closed the previous session at 1.3222, USD/SGD is up 0.29% today to currently trade at around 1.326. EUR/AUD gained 0.36% and is now trading at 1.6339. EUR/JPY rises 0.18% to trade around 146.68.
Positive indicators for Euro-Dollar are expected going forward as projections for United States Core Retail Sales are set for a continuation of decline with -0.3% while previous data was -0.1%; data will be released today at 12:30 UTC.
Also worthy of note, Germany Buba President Nagel speech is scheduled today at 18:15 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC. United States Retail Sales figure is projected at -0.4%. It previously stood at -0.4%; data will be released today at 12:30 UTC.
The currency pair has been trending positively for about a month. After setting a supportive marker at 0.9596 around 6 months ago, the Euro is now trading 15.13% above this level.
